IVV vs SQLV
iShares Core S&P 500 ETF vs Royce Quant Small Cap Quality Value ETF
Quick Verdict
IVV has a lower expense ratio. SQLV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SQLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $41M | |
| Dividend Yield | 1.10% | 0.95% | |
| Holdings | 508 | 324 | |
| YTD Return | +12.71% | +27.53% | |
| 1Y Return | +21.89% | +32.37% | |
| 3Y Return (annualized) | +22.08% | +15.33% | |
| 5Y Return (annualized) | +12.96% | +9.35% | |
| Volatility (annualized) | 15.1% | 22.6% | |
| Max Drawdown | -56.5% | -49.8% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 12, 2017 |
IVV vs SQLV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Royce Quant Small Cap Quality Value ETF (SQLV) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +21.89% while SQLV returned +32.37%. Year to date, IVV is up 12.71% versus a gain of 27.53% for SQLV.
Over three years, IVV compounded at +22.08% per year against +15.33% for SQLV; over five years the annualized figures are +12.96% and +9.35% respectively. Across the full 9-year window we track, SQLV has the edge at +9.64% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SQLV has been the more volatile fund, with annualized monthly volatility of 22.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -49.8% for SQLV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SQLV charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.95% for SQLV.
Holdings Overlap
IVV and SQLV share 1 holdings out of 818 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SQLV | Difference |
|---|---|---|---|
| AOS | 0.01% | 0.24% | 0.23% |
Frequently Asked Questions
Which is cheaper, IVV or SQLV?
IVV has an expense ratio of 0.03% while SQLV charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or SQLV?
Over the past year IVV returned +21.89% vs +32.37% for SQLV, so SQLV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.00% vs +9.64% for SQLV. Past performance does not guarantee future results.
Which is riskier, IVV or SQLV?
SQLV has been the more volatile fund at 22.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SQLV -49.8%.
Should I hold both IVV and SQLV?
IVV and SQLV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SQLV?
IVV and SQLV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 818 unique securities.
Which pays a higher dividend, IVV or SQLV?
IVV yields 1.10% while SQLV yields 0.95%, so IVV currently pays the higher dividend yield.
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